Bermuda Insurance Sector Activity Shrunk In 2015

The most recent information, based on annual filings, shows that Bermuda's (re)insurers recorded USD108.5bn in net premiums (previously USD116.2bn), held USD200.8bn of capital (USD214.5bn), and had total assets of USD631.7bn (USD583.3bn).

The Authority said year-on-year movement in the statistics – 2015 data compared with 2014 data – was consistent with challenging market conditions over the same period. However, despite a decrease in premiums written and an increase in liabilities held, the (re)insurers' assets increased by nearly USD50bn. Craig Swan, the Authority's Managing Director for Supervision, said: "These statistics illustrate the continued strength of Bermuda's (re)insurance market and highlight the domicile's position of high repute in the world's risk transfer industry."

Important Notice: Wolters Kluwer (BSI) Limited has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.

The Lowtax brand is owned and operated by Wolters Kluwer (BSI) Limited.